Tonchidot Raises $12M Series B
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Tokyo, Japan — Tonchidot, the leading mobile augmented reality (AR) platform provider and maker of the popular Sekai Camera application for iPhones raised a $12 million Series B funding from fellow Japanese VC firms. The funding came from mobile giant KDDI Corp., Recruit Co. Ltd., and media enthusiast SPiRE and JAFCO VC Firm.
“We’re seeing tremendous opportunity evolving for mobile gaming globally,” said Osuke Honda, Tonchidot Series A investor and DCM Partner. “The first wave of mobile gaming innovation started in Japan, the world’s most advanced market for mobile services, with Japanese social gaming companies like GREE and DeNA. The second wave, which is currently gaining traction in the US, came with popular location-based companies like Foursquare and Booyah. We firmly believe that Tonchidot, with their new augmented reality social gaming platform, will drive the third wave of mobile gaming innovation globally.”
Funding Total: $12,000,000
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|Investors: KDDI, Recruit Co., Spire, JAFCO Ventures|